Everyone loves something new, but things do not remain new for very long. You buy a new car and you can claim it as “your new car” for a few months and then it becomes just “your car”. That is a nice “new shirt” but wear it again and you are wearing a “shirt”.
The point is, the value of new quickly wears off but the money that you spend on that new item lingers for a very long time. Instead of buying new, save big on the initial depreciation and buy used. Your bank account will thank you.
Yes, there are some things that you want to buy new, like clothing, but there are some things that should always be bought used. Here is our list on things that you simply must buy used.
This has to be number one on the list of things to buy used. A new car might be $30,000 but you can buy it used for $24,000. It might have 10,000 miles on it, but it will still have a factory warranty and be in great shape.
In this case, take the $6,000 that you saved and put int into your retirement savings. If you buy a new vehicle every 5 years, that is 6 vehicles that you will purchase in that time which equals $36,000 in savings buy purchasing used. And, that does not even include the compound interest you would earn on that money.
Okay, most people buy eBooks these days, but there are still some people who prefer holding an actual paper book in their hands. If you are one of those people, you probably also like to splurge for the hardback copy that looks nice on the bookshelf.
Why spend $20 to $30 on a new hardback when you can go to a used bookstore and pay less than half of that price. New releases are typically half the cost of new and older titles can be a quarter of the list price.
- Exercise Gear
People are fickle. They get it in their head that they want to start working out and go out and buy a bunch of gym gear. Then, they stick with it for a month, maybe two. After that, this gear becomes just another place to hang the laundry.
Take advantage of peoples lack of motivation and save big on exercise gear. You can get very lightly used equipment for about half of what you would pay at the sporting goods store.
Have a little home improvement project in mind? Before you run off to the big box store for lumber, check Craigslist. People tend to overbuy on construction materials or just simply change direction in the middle of a project. Score great deals on dimensional lumber, plywood and a whole lot more.
- Major Appliances
Did your built in microwave go out? Chances are good that you can find an exact replacement on Craigslist for it. People are always upgrading kitchens and that leaves a plethora of major appliances on the market. Choose from dishwashers, ovens, refrigerators and washers and dryers. Many of them will be in nearly new condition and cost a third of the retail cost.
I am never a big fan of purchasing anything with cloth used, but wood furniture is fair game. If you need a new entertainment center, hutch or a dining table, used is the way to go. Even bed room sets can be had for a fraction of new, although I would skip in the used mattress.
- Moving Boxes
Yes, boxes are relatively cheap costing about $2 a piece. If you are moving though, this can get expensive quickly. You could easily spend hundreds of dollars on boxes, especially if you purchase specialty boxes like wardrobes.
What happens when someone moves to their new location with all those boxes. They unpack and then are left with stacks of cardboard that overwhelms the recycling bin. All they want at that point is for someone to come take those boxes for free. You can be that person and can save in a huge way. Look once again to Craigslist and pick up stacks and stacks of lightly used free boxes.
- Recreational Trailer
Camping trailers are just like exercise gear. People think that they are going to get one and then take the kids out every weekend camping. It is a noble goal, but one that rarely comes to fruition.
If you are thinking about a camping trailer whether it be a bug tandem axle unit or a small pop up camper, turn to the used market first. These things lose value quickly, especially when you find a motivated seller who wants their poor decision out of the driveway.
- BBQ Grills
If you have a truck or a trailer and are looking for a BBQ, take a look at used ones. These things get dirty fast and people do not want to move them, especially when moving out of state. This is where you can save big. With a truck or trailer, you can easily move these things without much mess and possible save hundreds of dollars.
- Video Games
Thinking of picking up a new game for your system? If it is a new release and you are not a serious gamer, give it a few weeks.
New titles generally go for around $60 and are quickly picked up by hardcore gamers. They play it, win the game and then move on to the next big title. This is where you swoop in and score your game for half price.